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SoftBank, Amazon, Accel and Others Put $108M in Brazilian Banking and Payments Infra Provider Pismo
Summary: São Paulo-based Pismo is one of those infrastructure providers. And today, the startup announced it has raised $108 million in a Series B funding round co-led by SoftBank, e-commerce giant Amazon and Silicon Valley-based venture firm Accel. Falabella Ventures, PruVen and existing backers Redpoint eventures and Headline also participated in the financing, which brings Pismo’s ...
São Paulo-based Pismo is one of those infrastructure providers. And today, the startup announced it has raised $108 million in a Series B funding round co-led by SoftBank, e-commerce giant Amazon and Silicon Valley-based venture firm Accel. Falabella Ventures, PruVen and existing backers Redpoint eventures and Headline also participated in the financing, which brings Pismo’s total funding raised to $118 million.
Founded in 2016, Pismo has racked up a list of big-name customers, including Banco Itaú (one of Brazil’s largest banks), BTG, Cora, N26 and Falabella.
Pismo’s cloud-native core processing platform is aimed at giving banks, fintechs and other financial institutions “flexibility and agility,” said CEO and co-founder Ricardo Josua. It does things like allow customers to launch products for cards and payments, digital banking, digital wallets and marketplaces. Pismo also claims to allow financial institutions to “take charge of their core data and use it intelligently.”
By Amy Liu
Tags: Brazilian,Funding Round,Pismo
Link: SoftBank, Amazon, Accel and Others Put $108M in Brazilian Banking and Payments Infra Provider Pismo [Copy]
